Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation & Adaptation
• Energy Management & Renewable Energy Usage
• Water Management
• Waste Management
• Human Rights
• Labour Practice & Employment
• Employee Health & Safety
• Product Design & Lifecycle Management
• Supply Chain Management
• Business Ethics, Integrity, Transparency, Corruption
• Responsible Supply Chain

Environmental Achievements

• 135 trees relocated at the Sobha Heartland project to protect the existing habitat.
• All new buildings are by default beyond code achieving high levels of energy optimization.
• Water management programs are being undertaken in All Sobha offices.
• Ongoing waste management initiatives in all verticals.
• 100% compliance in ALL developments with environmental regulations.

Social Achievements

• 791 new hires in 2021 with zero redundancies.
• AED 1.3 million contributed for social upliftment of employees.
• AED 150,000 donated to Al Jalila Foundation Cancer Centre.
• Various employee well-being activities and initiatives.
• 38% women in the workforce.

Governance Achievements

• Established ESG Committee.
• Comprehensive Ethics Programme and Whistle-blower Protections.
• Employee Code of Conduct.
• Strong corporate governance structure with various Board Committees.

Climate Goals & Targets

Environmental Challenges

• Climate change risks (physical and transition risks)
• Supply chain disruptions
• Data limitations for comprehensive ESG reporting

Mitigation Strategies

• Climate Change Resilience Policy (including insurance)
• Business Continuity Policy
• ESG screening of major suppliers
• Phased approach to ESG reporting and data collection

Supply Chain Management

Responsible Procurement

• Sourcing materials from local suppliers
• ESG screening of major suppliers (planned)

Climate-Related Risks & Opportunities

Physical Risks

• Increased flooding and storms
• Extreme temperatures
• Potential damages from flooding

Transition Risks

• Higher energy costs
• Policy and regulatory risks
• Market risks

Opportunities

• Resources efficiency
• Higher customer demand for sustainable buildings
• Increased rents
• Higher corporate valuations

Reporting Standards

Frameworks Used: GRI Standards: Core option, TCFD framework (future reporting), UN Sustainable Development Goals

Certifications: ISO 14001-2015, ISO 18001-2018, ISO 9001-2015, ISO 18404:2015 (Sobha Facades), ISO 50001 (Latinem FM - in progress)

UN Sustainable Development Goals

• 1, 2, 3, 4, 6, 7, 8, 9, 11, 12, 13

Sobha's initiatives contribute to these SDGs through various environmental and social programs.

Sustainable Products & Innovation

• Sustainable building designs
• Energy-efficient technologies (LED lighting, solar water heaters)
• Smart home automation systems

Awards & Recognition

• Shortlisted for Innovation in Facilities Management 2022 (Latinem FM)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Ethical Governance
• Employee and Community Growth

Environmental Achievements

• Initiated Green Mark Certification for Sobha One
• Initiated GRESB ESG benchmark assessment
• 1,051 tons of waste recycled
• 3 Solar Projects approved for implementation
• Publicly committed to net zero through UACA

Social Achievements

• 6,872 new hires at Sobha Group
• 4,843 training sessions held
• 15 hours of average training per employee
• 0 fatalities at Sobha Group
• AED 10 Million committed to Noor Dubai
• AED 10 Million committed to Hamdan Bin Rashid Cancer Charity Hospital
• AED 50 Million pledged donation to 1 Billion Meals Endowment campaign

Governance Achievements

• Strengthened governance structure by adopting a comprehensive ESG policy
• Established an ESG committee

Climate Goals & Targets

Environmental Challenges

• Heat Stress among workforce

Mitigation Strategies

• Revamped shift timings, incorporated more rest breaks, and conducted thorough awareness training on the importance of staying hydrated and using oral rehydration solutions (ORS)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable Procurement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Renewable energy initiatives

Reporting Standards

Frameworks Used: GRI Standards, GHG Protocol Corporate Standard, UN SDGs, TCFD recommendations

Certifications: ISO 9001:2000, ISO 14001 (2004 series) and OHSAS 18001 (2007 series), Green Mark Certification (seeking)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Action
• Circularity
• Pollution Prevention
• Employee Experience & Wellbeing
• Health, Safety and Security
• ESG Governance & Business Practices
• Reputation, Communication and awareness
• Community Welfare

Environmental Achievements

• 140 tCO2e emission reduced by waste recycling and energy efficiency measures
• 3,117 tons of waste recycled
• 376 KWP capacity solar plant installed
• 1,000 mangroves planted
• Achieved GRESB rating (highest among first-time applicants)
• 15 upcoming projects to be green building certified

Social Achievements

• AED 50 million pledged for “1 Billion Meals Endowment.”
• AED 440 million pledged for “Sabarmati River Front.”
• OMR 9.6 million pledged for “Oman SAS Initiative.”
• 1,000 homes pledged for “Sobha Community Home Project”
• Zero fatalities
• Guinness World Record on UAE Flag Day
• Increased women's workforce representation at management level by 108%
• Increased number of Emiratis by 705%
• Improved representation of women across all levels

Governance Achievements

• Established ESG committee
• Developed second TCFD report
• Secured a place in the Guinness Book of World Records

Climate Goals & Targets

Environmental Challenges

• Complex setup with a backward integration model requiring collaboration across multiple entities
• Setting a baseline for ESG metrics and ensuring consistent drive among all entities
• Supply chain sustainability

Mitigation Strategies

• Regular interactions and effective communications
• Strong sustainability team driving strategies
• Investment in robust data collection and analysis tools
• Seeking external expertise
• Fostering open communication with suppliers
• Flexible yet focused approach to sustainability goals
• ESG committee guiding efforts

Supply Chain Management

Supplier Audits: Analyzing suppliers’ sustainability initiatives using a third-party sustainability supplier screening tool

Responsible Procurement

• Assessing and engaging with suppliers to ensure they meet high standards for sustainability
• Prioritizing suppliers who demonstrate a commitment to reducing their environmental impact
• Exploring alternative sustainable construction materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001:2018

Third-party Assurance: Third-party assurance provider (name not specified in report)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GRESB Rating
• Climate Control Award 2023
• GCC Best Employer Brand Awards 2023
• Sustainability Award 2023
• Workforce of the Future Awards 2023
• Global Sustainability Award 2023
• Emirates Labour Market Award 2023